Economy

Aug 22 2018

The RBA’s assistant governor for financial system, Michele Bullock, has said that she is “disappointed” by the major banks’ slow progress with the New Payments Platform, but that she does ...

Aug 22 2018

Funding cost pressures are set to continue, placing further pressure on smaller banks in a “very competitive” lending landscape, the CEO of a non-major bank has said.

Aug 21 2018

Homeloans Ltd has entered into a “strategic partnership” with a Macquarie-backed fintech, which has been founded by two former NAB executives in a bid to take a “bigger slice” of the ...

Aug 21 2018

The Australian Securities Exchange has announced that it has invested nearly $7 million into electronic property conveyancing and settlement venture Sympli Australia as part of a 50 per cent ...

Aug 20 2018

All of Australia’s capital cities have been sensitive to housing market cycles over the past three decades, with price growth dominance shared across the country, according to new research

Aug 20 2018

Smaller lenders “remain constrained” by the “unfair playing field” benefitting the larger banks, the CEO of a non-major lender has said.

Aug 20 2018

The New Zealand-based banking group’s proposed restructure will see its burgeoning Australian reverse mortgage business freed from the central bank’s capital requirements and poised for ...

Aug 17 2018

Borrowers paying lenders mortgage insurance should be offered more choice and ASIC should intervene to safeguard their interests, according to the Productivity Commission.

Aug 17 2018

Legislation banning most foreign buyers from purchasing existing residential property in New Zealand has passed its third and final reading in New Zealand Parliament.